Perpetual Innovation

Category: entrepreneur

  • Nation’s Startup Activity Reverses Five-Year Downward Trend, Annual Kauffman Index Reports | Kauffman.org

    Nation’s Startup Activity Reverses Five-Year Downward Trend, Annual Kauffman Index Reports | Kauffman.org:

    Business Startups are up.

    That’s great. Entrepreneurship and new business formation is a great advantage to the economy.

    The olde adage:  the worst time to start a business is at the onset of a recession. The correlate to that is: the best time to start a business is at the end of a recession. Well, it has taken 6 years but the end of the Great Recession has finally past. Those people who had jobs didn’t want to give them up. Now maybe they are willing to step out on their own. Those people who didn’t have jobs, may have formed companies out of necessity, not out of strength.

    It is interesting that 63% of the new startups were by men. Part of that would be because of the rebound in construction and factories where men dominate. But also, women are generally more risk averse than men. Maybe they will just take another year of healthy economy before they take the plunge.

    Minorities, especially Hispanics were up. Blacks and whites, not so much so.

    They are saying that 3 out of every 1,000 adults started a business in 2014. That must be annually. (Something said monthly which seems very high; that would be 3.6 out of 100.)

    No matter the number, better and more quality businesses that survive and thrive is always better than a large number of startups when most of them fail.

    It is always good to see strong healthy signs of progress in an economy that is sputtering a bit.

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  • Rise of the Rest – Entrepreneur Tour. 5 Cities at a time.

    World Stock Markets:

    Steve Case from AOL fame is one of the judges going round hitting up start-up business ideas, 5 cities at a time. The south of USA is next.

    Revolution, Google for Entrepreneurs, and UP Global

    This UP Global initiative is an interesting approach by Google ventures and others to identify and fund new venture ideas.

    A very cool approach to jump starting innovation anywhere and everywhere around the world. That the winner gets a boat-load of money and and a blast of publicity is a rather nice perk to the whole process.

    See Google Ventures here: http://www.gv.com/about

    See Case Foundation here: http://casefoundation.org

    I Like the title of an article on the Case Foundation web site: “Running business as if the future matters.”

    Steve’s come some distance since the time when the guppy-eat-the-whale daze of the DotCom error when AOL bought out TimeWarner. This buy-out-merger resulted in one of the greatest indigestion from over-eating of all time.

    Read about this Maalox moment in a 2005 book: “The failure of the AOL-Time Warner merger is the subject of a book by Nina Munk entitled Fools Rush In: Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner(2005).” (Steve Case, 2015, Life and Career, para. 10).

    Steve has had a very impressive log of ventures and philanthropic organizations since the AOL days.

    Reference

    Steve Case. (2015, March 12). In Wikipedia, The Free Encyclopedia. Retrieved 14:34, March 16, 2015, from http://en.wikipedia.org/w/index.php?title=Steve_Case&oldid=651091501

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  • Patent law changes alter entrepreneurs' planning

    Patent law changes alter entrepreneurs’ planning:

    This is a nice article by Laura Baverman about patents and how they needed to be integrated into the business plan and entrepreneurs’ strategy. Since the US is now first-to-file, inventors must get their foot in the proverbial patent door early, often with a provisional patent while the details are being worked out.

    This article also slips in the key provisions related to the laws and fees that were enacted in March of 2013.

    Although the fees have all been dramatically increased, especially the follow-on maintenance fees, there is actually a micro-entity option that is only 25% of the full fee structure for large entities. (To qualify as micro, you must not have a high income and not have too many patents in your name.)

    There are a few things that are are perfectly touched on in such a short article. There’s a quick look at the staging process to protect the invention without bankrupting the small inventor. There’s a side story about the great use of a business incubator for a specific company, EnerLeap, the next-best Lithium battery.

    There’s the indication of how IP must be specifically budgeted into the business plan. Your business plan must have the budget for IP, it must have the timing for IP expenses (patent, TM, Lawyer, R&D, engineering, etc.), and it must accommodate contingencies for litigation.

    Of course, you still want to include the high margins and royalties from licensing in your income stream, you simply need to demonstrate that you have a sound plan for getting to that point.

    Great article Laura!

    Check out the Patent Primer 2.0, part of the Perpetual Innovation(tm) series, by Hall and Hinkelman (2013) at: http://www.lulu.com/spotlight/SBPlan   … or … Kindle eBook at: www.TinyURL.com/IPPrimer2

    Visit SBP’s IP web site at: www.IPplan.com 

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  • eBook Patent Primer 2.0, Patents, the Great Equalizer of our Time! An Overview of Intellectual Property with Patenting Cost Estimates for Inventors and Entrepreneurs (Perpetual Innovation): Elmer B. Hall, Robert M. Hinkelman: Amazon.com: Kindle Store

    Patent Primer 2.0, Patents, the Great Equalizer of our Time! An Overview of Intellectual Property with Patenting Cost Estimates for Inventors and Entrepreneurs (Perpetual Innovation): Elmer B. Hall, Robert M. Hinkelman: Amazon.com: Kindle Store:

    Kindle eBook version of the Patent Primer 2.0 is here!!!

    Of course you can still buy the hard copy of the Primer 2.0 over a LuLu Press: http://www.lulu.com/spotlight/SBPlan

    Patent Primer 2.0 is an overview of IP protection in the US and globally with a focus on patents and the patenting process. Intellectual property – especially patents – provides one of the greatest competitive advantages of our time. Patents are a great equalizer, putting the individual inventor on the same footing as corporate giants.  The Patent Primer is an update from the original edition that was included as Appendix B in Perpetual Innovation, Hall and Hinkelman’s 2007 patent commercialization book. (Look for edition 2.0!)
    With so much depending on intellectual property, inventors and entrepreneurs must have a good understanding of IP tools to be successful. Patent Primer 2.0 is what everyone needs before launching new product development and invention commercialization. It gives a quick overview of IP and brand building. It addresses the various patent-protection alternatives. The Primer offers example of costs for a small entity to bring a patent-protected invention to market-readiness. The 2.0 version of the Primer includes major changes in U.S. patent laws and the new fees initiated in March 2013.
    Hall and Hinkelman are executives of Strategic Business Planning Company (SBP), a company that helps businesses and individuals Plan for Sustainable Success™. SBP helps innovators build strong IP Business Plans. The company is active in sustainability and advocates initiatives that offer payback of investment in 1 to 5 years while delivering perpetual savings to the business, to the community and to the environment – win, win, win!

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  • Patent Primer 2.0 is released. Overview of IP and Patent Process.

    Perpetual Innovation™: Patent Primer 2.o

    Patents, the Great Equalizer of our Time!
    An Overview of Intellectual Property with Patenting Cost Estimates for Inventors and Entrepreneurs
    By Elmer Hall & Robert Hinkelman
    Visit LuLu Press storefront at: www.lulu.com/spotlight/SBPlan


    The Patent Primer 2.0 is an overview of intellectual property (IP) protection in the US and globally with a focus on patents and the patenting process. Intellectual property – especially patents – provides one of the greatest competitive advantages of our time. Patents are a great equalizer, putting the individual inventor on the same footing as corporate giants.
       Intangible assets have expanded such that most of the value of most companies is non-tangible, especially patents. Even though there is such a huge competitive advantage associated with IP, intangible assets often go unmanaged. IP is generally omitted from the books on new product development, marketing, and business strategy.
    With so much depending on intellectual property, inventors and entrepreneurs must have a good understanding of IP tools to be successful. Patent Primer 2.0 is what everyone needs before launching into new product development and invention commercialization. It gives a quick overview of IP and brand building. It addresses the various patent-protection maneuvers. The Primer offers example of costs for a small entity to bring an invention to market-readiness with patent protection. The 2.0 version of the Primer includes major changes in U.S. patent laws and the new fee schedule initiated in March 2013.
       The information at the U.S. Patent and Trademark Office (U.S. PTO web site) has evolved over 200 years into a mixed collage of information. Details are buried within laws, regulations, policies and procedures. Additionally, books on patenting and do-it-yourself patent tools are complicated and obtuse. Less-than-reputable companies with 800 numbers target inventors to “help” with the patenting, licensing and funding.
    The 2.0 version of the Patent Primer is a complete rewrite and update of the original primer included in Appendix B of Hall and Hinkelman’s 2007 book on patent commercialization. (Visit: www.lulu.com/spotlight/SBPlan) 
       Hall and Hinkelman are executives of Strategic BusinessPlanning Company, a company that does consulting, helping businesses and individuals Plan for Sustainable Success™. SBP helps innovators build strong IP Business Plans. The company is active in sustainability and advocates initiatives that offer payback of investment in 1 to 5 years while delivering perpetual savings to the business, to the community and to the environment – win, win, win!